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Regional Economic Outlook

Western Balkans economic growth accelerated from 2.6% in 2017 to 3.8% in 2018, amid slowing job creation.

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A child born in Montenegro today will reach only 62 percent of its potential when he or she grows up, as measured by a new index.

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Montenegro in Figures


Growth projections in the Western Balkans region for 2018 have been revised upward and are now estimated to reach 3.5%. Growth was stimulated by higher public investment and consumption, while countries with higher growth rates boosted them mostly by investment and exports. Over 90,000 jobs were created in the first half of 2018, with new employment mostly in industry and services.

 

Kosovo and Albania are expected to grow at 4% this year. At 3.8%, Montenegro’s growth is projected to be 1 percentage point higher, although still lower than last year. Growth in Bosnia and Herzegovina continues to be stable at an estimated 3.2%. Serbia’s economy has rebounded to 3.5% growth after last year’s weather-related slowdown. Macedonia’s growth also rebounded to 2.5%, as investor confidence was Restored.

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Experts

Emanuel Salinas

Country Manager for Bosnia and Herzegovina, and Montenegro

Sanja Madzarevic-Sujster

Senior Country Economist

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Country Office Contacts

Podgorica, Montenegro
Bul. Džordža Vašingtona 98, 81000 Podgorica, Montenegro
Tel: +382 20 665 353
dvarezic@worldbank.org